What is the Economic Injury Disaster Loan?

<p>The <a href= "https://www.sba.gov/funding-programs/loans/coronavirus-relief-options/economic-injury-disaster-loan-emergency-advance"><strong>Economy Injury Disaster Loan (EIDL)</strong></a> is a financial relief program for small business owners. The EIDL is a low-interest loan of up to two million dollars with principal and interest delay at the discretion of the administrator. It is used to cater for operational costs that could have been met had their not been a disaster.</p>